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EUR/AUD approached strong resistance level 1.5225

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  • EUR/AUD approached strong resistance level 1.5225
  • Next buy target - 1.5400

EUR/AUD has been rising sharply in the last few trading sessions inside the minor impulse waves (iii) and 3 – both of which belong to the intermediate impulse wave (3) from the middle of July. The price earlier broke the resistance trendline of the daily Triage from June – which strengthened the bullish pressure on this currency pair. The pair is currently trading close to the strong resistance level 1.5225. If the pair breaks above 1.5225 - EUR/AUD can then rise to the next buy target at the next resistance level 1.5400.

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